Dandot Cement's shareholders approve Rs1.5bn loan conversion

News Image

MG News | November 01, 2023 at 12:00 PM GMT+05:00

0:00

November 01, 2023 (MLN): The shareholders of Dandot Cement Company Limited (PSX: DNCC) have approved the allotment of ordinary shares through the conversion of loans worth Rs1.5 billion received from Calicom Industries (Pvt.) Limited and two other lenders, the company’s filing on the local bourse revealed today.

The entire loan amount has been converted into the issuance of up to 68,181,818 ordinary shares, each with a face value of Rs10, at a price of Rs22 per share.

This reflects a premium of Rs12 per share along with the par value of Rs10 per share.

To note, from Calicom Industries (Pvt.) Limited is the holding company of DNCC.

The company started its production in 1983 and has been engaged in the production and marketing of cement.

At the time of writing, the company's share is being traded at Rs12.25, up by Rs1 or 8.89% compared to the previous close.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,510.00 119,440.00
118,145.00
215.00
0.18%
BRENT CRUDE 72.93 73.17
71.75
0.42
0.58%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.66 69.79
68.45
0.45
0.65%
SUGAR #11 WORLD 16.43 16.58
16.37
-0.16
-0.96%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg